The following bill, originating in the Assembly, has been approved, signed and deposited in the office of the Secretary of State:
Bill Number Act Number Date Approved
Assembly Bill 4332July 10, 2009
Respectfully submitted,
JIM Doyle
Governor
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Communications
July 9, 2009
Patrick Fuller
Assembly Chief Clerk
17 West Main Street, Suite 401
Madison, WI 53703
Dear Mr. Fuller:
I respectfully request that my name be removed as a co-author of 2009 Assembly Bill 170, relating to: regulating the provision of certain bags to customers of retailers and granting rule-making authority, authored by Representative Marlin Schneider.
Sincerely,
Amy Sue Vruwink
State Representative
70th Assembly District
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Agency Reports
State of Wisconsin
Investment Board
Madison
July 8, 2009
To the Honorable, the Legislature:
Section
25.17 (14r), Stats., requires that we advise you of changes to investment guidelines and procedures adopted by the Board of Trustees for the internally managed portfolios. A few years ago, we began consolidating any changes adopted during a six-month period and reporting them to you on a semi-annual basis. Although the Board made no changes to the guidelines during the last six months, we wanted to continue with the reporting schedule and let you know that no changes were made to the internal investment guidelines.
The statutory reporting requirements appear to only apply to internal management and not to contracts we initiate with external managers or changes we make to existing contracts. However, because of the increased use of external managers over the past decade, we decided in 2006 to inform you of any new contracts with external managers or changes to existing contracts. In keeping with that policy, we want to advise you that we amended a contract with an existing external manager to cover a strategy focused on corporate bonds, which was designed to provide excess returns by taking advantage of historically high risk premiums. We also amended the contract with the manager that manages short term cash for certain internal and external domestic and international portfolios. SWIB made these changes to further diversify its holdings.
If you have any questions on any of the changes, please contact me at 266-9451 or Sandy Drew at 261-0182.
Sincerely,
KEITH BOZARTH
Executive Director
